It is a fact that the United Kingdom can be regarded as one of the essential education hubs throughout the globe where people belong to different nations and cultures come to accomplish their study-related goal. The United Kingdom has always been found to be interested in providing them with adequate facilities so that they can reach their deserved success. However, an international study has become a complicated matter in the current situation. Due to Covid 19-related issues, people face the requirement to maintain several restrictions, and several travel-related restrictions are also being implemented.
In such a situation, The UK is found trying to retain skilled international talents. The chancellor of the United Kingdom has stated that the government is bringing changes to the immigration system to help and attract international talents and retain them in the UK in an effective way. Here, a detailed discussion regarding the new immigration plan is going to be elaborated. First of all, the intention behind this new immigration plan is going to be elaborated.
The intention behind the new Immigration plan is to help the UK to retain international talents
It is a fact that this kind of move in the UK has a clear intention. To support the jobs and the growth of the UK, this kind of planning has been adopted. By considering the promise that Mr Surak has made, it has been possible to understand that the government of the UK is going to support an elite points-based visa by March 2022, and this visa will be available for people who are exclusively talented and have adequate skills required for entering the UK.
By doing statistical analysis, it has been possible to understand that 42% of the employees of Fintech who are working in the UK have come from foreign countries. This sector employs a significant number of people and is found to contribute £7 billion to the UK’s economy. Hence, it can be stated that to keep the economy healthy, and this sector has to be supported by the government, and to ensure the success of the sector, overseas employees are required. It can be regarded as a significant reason behind the UK’s interest in retaining skilled international talents.
After the execution of Brexit, global companies that have headquarters in the UK were highly concerned regarding their opportunities as they thought that Brexit would reduce their opportunity to recruit international employees. There has also been a concern regarding the new visa system as it might discourage international talents from applying for a job in the UK. By considering all of these matters, changes have been brought to the immigration system. When the UK would retain talented international people, it is expected that global companies that have headquarters in the UK would not face any issue regarding the recruitment process. The UK government has paid attention to their concern before making such a decision. In the following section, the announcements related to the new immigration system are going to be highlighted.
Essential announcements related to the new immigration system in the UK
From the initiation of the year and following the end of the transition period related to Brexit, people interested in entering the UK for work would face the requirement to follow the new points-based immigration system. The EU and EEA citizens who have registered themselves as UK residents before the last day of 2020 have chances to settle in the UK. In this regard, they are required to apply to the EU settlement scheme. They are required to remember that the application should be submitted before June 30, 2021. Otherwise, they would not get permission to stay here.
By considering some critics, it has been possible to understand that the new immigration system can work as a barrier to moving talents quickly from foreign countries. For some job roles, companies in the UK may face the requirement to hire international people rapidly, and this system can work as a barrier in this regard. Fintech companies in the UK can face a problem because they mainly face the requirement to hire employees with specialist skills and knowledge from international countries.
The points-based system can be regarded as a part of a broader and multi-year program related to change, and the head office is leading these initiatives. The system aims to transform the operation of the border and the working principles of the immigration system. The changes brought to the immigration process would be followed by some improvements to the sponsorship system in the UK and the introduction of Electric travel borders. By considering such initiatives, it can be stated that all of these decisions are being made by considering the issues that the UK is facing and can face in the future. The initiatives are expected to strengthen the UK’s education, business, and economic sectors in an effective way. However, to take advantage of this immigration system, workers and companies must follow some tips, and these tips are provided in the following section.
Some tips for the workforce and startups
The EU people working in the UK are suggested to ensure that they have fulfilled the immigration registration and legal requirements. Dealing with this kind of situation can be difficult for startups as sometimes they face the requirement to hire overseas employees at a lower rate. Startups are suggested to ensure that it has a sponsor licence to help them fulfil non-UK workers’ needs. These companies are also suggested to undertake strategic workforce planning in order to cope with the situation in an effective way. I Hope people and businesses would be able to deal with the situation perfectly, and the intention of the UK behind the new immigration system would be successful.